Did you realize that in the State of Texas you can’t get cash out of your home above 80% of its appraised value? In other words if your home was worth $100,000 – the most cash you could get out on a loan would be $80,000. This 80% rule is a Texas law for homeowners…
I’ve written about this before, but it’s important, so I wanted to touch on it again. When you buy a house there are three sets of costs you will incur (other than your down payment)… 1) Closing costs. These are mortgage company fees, title fees, appraisal, survey, recording fees, etc. Typically these fees will add…
Interest rate update: The recent trend towards lower rates has come to somewhat of a halt. There’s a couple of factors that has spurred selling pressure in the bond markets. (Remember when bonds are selling off it usually results in higher rates) The French election has alot to do with it. If Macron had been…
I wanted to tell you about a new program we have for helping Community Heroes. The program is a Closing cost credit for firefighters, emergency medical technicians, military and veterans, law enforcement, teachers, church employees and healthcare workers when buying or refinancing a home. I wanted to give you the link on our web site…
Every now and then I close a loan that I think you should know about. I want you to know about it, because it’s a good example of what’s still possible in the mortgage world if you use someone like me that knows what they are doing. I’m closing an FHA loan this week with…
I wrote a Special Report on how to purchase a home with a Reverse Mortgage. This Report gives you three real life examples of exactly how others used this unique program to buy their dream homes. You’ll also learn the one thing you must absolutely know before making an offer on a house with a…
Did you know Fannie Mae has a program that allows you to finance up to 10 properties? This is a great program for those of you wishing to accumulate rental properties, or add a vacation home in some exotic local. This program will lend up to 90% loan to value ratio on non owner occupied…
Wanted to give you a little peak into what I send to past clients. I like to send out hand written cards to my past client database. Here is a copy of a post card I sent to my client database this week. That’s it for today! Have a good day today! I appreciate you!…
I hope you guys had a good weekend! Baseball season starts tonight, which to me means spring is here. I’ve used this example before about how to buy a house using a Reverse Purchase. It’s such a great program I wanted to post it again… I had a borrower recently use a reverse mortgage to…
Since we are fast approaching tax season I wanted to make you aware of a deduction that can be problematic if you are trying to get a mortgage. If you have a W-2 job, and you are considering getting a mortgage here’s something to keep in mind as tax season approaches… The deductions you take…